In most businesses there are two types of bosses (maybe more): Some are managerial Managers think strategically, they work out exactly where they want to go and then create plans to get them there, as effectively as possible. They plan, organise and execute. Managers… Have big plans Search out resources Exploit and optimise Work out the […]
What is Your Management Blindside?
An education is a wonderful thing Every year in the UK 16-year-olds study for their General Certificates of Education (G.C.S.E’s.). And every year the the Government publishes the results. This is how they have changed: I did my GCSE’s (or something similar) in 1984. I am an old (and as you can extrapolate from the chart) […]
What is Sample Bias?
There are some jobs you really wouldn’t want… Perhaps the most dangerous in history was to be a crew member of a World War II bomber (I don’t suppose it matters which side). You shouldn’t believe everything you read on the internet, but according to some of the more reliable sources, during World War II: Over […]
Christmas Measures
Father Christmas had a problem… His planning elves had confirmed it. It was mid October and it was looking increasingly unlikely that he would get all the presents wrapped by Christmas. His management information team endorsed their view. His key measure – Presents Wrapped per Elf per Hour (PWEH) was well awry. There were reasons […]
Trust and Paperwork
Imagine you make bicycles for a living You have a supplier who provides you with all the bike chains you use. Every week, without fail you get a shipment of chains into your factory and every month you pay for them. How do you pay for your chains? Method 1. The three-way match: Employ somebody to match up: […]
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